MOL expands into European offshore wind

The vessels will be owned in partnership with Schoeller Holdings, a Cyprus-based global shipping company. Delivery of the newbuild units is scheduled for 2027.

As part of the project, MOL will also invest in Deutsche Offshore Schifffahrt, a Germany-based offshore energy vessel developer and operator, which will be responsible for managing and operating the ships once delivered.

The agreement marks MOL’s first participation in the European offshore wind support vessel market. The move builds on the company’s existing experience in the sector, including service operation vessel activities supporting offshore wind projects in Taiwan.

Demand for specialised vessels such as CSOVs is expected to increase significantly as offshore wind capacity expands across Europe. Governments in the region have placed offshore wind power at the centre of long-term energy and decarbonisation strategies, backed by policy frameworks and investment programmes aimed at accelerating the deployment of renewable energy infrastructure.

MOL said the investment aligns with its broader corporate strategy to diversify beyond traditional shipping activities and strengthen businesses linked to energy transition and decarbonisation.

The company has set a target of achieving net-zero greenhouse gas emissions by 2050 and is seeking to expand into sectors that are less exposed to fluctuations in global shipping markets.

By entering the European offshore wind support segment, MOL aims to broaden its renewable energy portfolio while contributing to the development of low-carbon energy infrastructure.